Sprint Nextel Corporation (NYSE:S) decreased 2.10% to $4.389. The Company has closed its underwritten public offering of $1.5 billion aggregate principal amount of 7.000 percent notes, due 2020. The Company priced the offering on August 9, 2012. Sprint Nextel intends to use the net proceeds from the offering for general corporate purposes like redemptions of debt, network expansion and potential funding of Clearwire Corp and its subsidiary Clearwire Communications LLC.
TICC Capital Corp (NASDAQ:TICC) plunged 2.32% to $9.68. The Company has started a public offering of 2,000,000 shares of its common stock. The Company will grant the underwriters a 30-day option to purchase up to 300,000 additional shares of common stock. The company intends to use the net proceeds from the offering for general corporate purposes. This may include investments by the company in corporate debt and equity securities and investments in structured finance vehicles.
Greif Inc (NYSE:GEF) decreased 4.76% to $41.2 after the Company revised guidance for fiscal 2012. The Company expects EBITDA to be $445 million – $465 million compared with the company`s previous guidance of $500 million – $525 million. This decrease is primarily due to lower than expected volumes. The Company plans to release third quarter 2012 results on August 29, 2012.
Lee Enterprises Incorporated (NYSE:LEE) jumped up 12.03% to $1.49. According to a filing with the U.S. Securities and Exchange Commission in June, Berkshire owned about 1.7 million shares of Lee Enterprises, or about 3.2%. Berkshire Hathaway Inc doubled its stake in newspaper group Lee Enterprises Inc to 3.23 million shares.
Catalyst Pharmaceutical Partners Inc (NASDAQ:CPRX) decreased 7.59% to $1.46 after the Company reported second quarter results. Net loss was $289,080 or $0.01 per share compared to net loss of $1,394,151 or $0.06 per share in the previous year period. Research and development expenses were $532,741 compared to $905,635 in the second quarter of 2011. Catalyst had no revenues in either the second quarter of 2012 or first six months of 2012.